You have to earn 2.5x as much money to be as happy working for someone else as you would be working for yourself: Perhaps that is why Forbes reported that approximately 543,000 new U.S. businesses are started every month. This is one of the reasons I work for myself. If I don’t like my boss, I only have me to blame!

Greater rewards mean less motivation and poorer performance: “Researchers have found that people are sometimes happier and more effective when they do a task for no money at all than when they receive a small payment. If someone offers a good Samaritan $5 for helping with a flat tire, then he starts thinking about the actual market rate for tire-changing, so a fiver is now insufficient—when a minute ago, he’d have been perfectly content with $0.” I have written about this extensively in the past. See my article, I Won’t Work for Money.

Happy people are lucky: Lucky people tend to focus on the positive side of their ill fortune. They imagine how things could have been worse. For example, an individual arrived to an interview with his leg in a cast and mentioned that he had fallen down a flight of stairs. When asked whether he still felt lucky, he cheerfully explained that he felt luckier than before as he could have broken his neck. This is absolutely how I live, maybe sometime to a fault. I do operate from the belief that everything happens for a reason – I learned this from my father.

Happiness is not a destination: I will be happy when I’m married, have more money, or move to a new location. This is what we tell ourselves. But the reality is that while these things can contribute to happiness, it is not as much as you may think. According to Web MD, achieving these milestones account for only about 10% of your whole happiness picture. “Lasting happiness has more to do with how you behave and think — things you control — than with many of life’s circumstances.” This is the essence of my Goal-Free Living book.

Other studies show that people with more money are happy. But what is intriguing is that the researchers found that money did not cause happiness. Happiness was the creator of wealth.